Risk Management Planning (PMBOK Guide Fifth Edition)

Course details

There are a few questions that every project manager should ask at the beginning of a project: What do we hope to gain from this project? What kinds of things could keep that from happening? And how should we respond if those events occur? Every project involves some degree of risk. Identifying potential risks and having a plan for dealing with them can spell the difference between a project that reaches a successful conclusion and one that does not. In this course, learners will be introduced to the Project Risk Management Knowledge Area. It covers the best practices outlined in A Guide to the Project Management Body of Knowledge (PMBOK® Guide) Fifth Edition published by the Project Management Institute (PMI®). Specifically, learners will be introduced the first process in the Project Risk Management Knowledge Area: Plan Risk Management. Techniques for creating a risk management plan and preparing documentation for the risk identification and analysis processes will be covered in detail. This course provides a foundational knowledge base reflecting the most up-to-date project management information so learners can effectively put principles to work at their own organizations. This course will assist in preparing the learner for the PMI® certification exam. This course is aligned with the A Guide to the Project Management Body of Knowledge (PMBOK® Guide) Fifth Edition, published by PMI®, Inc., 2013. Copyright and all rights reserved. Material from this publication has been reproduced with the permission of PMI®.

• recognize types and examples of project risk
• recognize examples of risk management activities
• match the Project Risk Management processes with their associated project management Process Group(s)
• match the inputs to planning risk management with the information they provide
• identify the tools and techniques used for the Plan Risk Management process
• match elements of the risk management plan with examples
• identify sections of the risk management plan
• recognize the principles of risk tolerance, probability, and impact